Cervo Teknika: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Cervo Teknika
Largest movements
- Tangible fixed assets +€51,688
up €51,688 (+1,323%), from €3,906 to €55,594
of which Furniture and vehicles: +€50,118
- Cash -€3,804
down €3,804 (-30.0%), from €12,681 to €8,877
mainly Investment in fixed assets (net) (-€63,338) and Receivables within one year (-€1,257)
- Receivables within one year +€1,257
up €1,257 (+30.9%), from €4,068 to €5,325
of which Trade receivables: +€1,252
- Debts after one year +€26,965
new in 2025: €26,965
- Other debts +€14,911
up €14,911 (+5,851%), from €255 to €15,166
- Current portion of long-term debt +€7,568
new in 2025: €7,568
- Tax, wage and social debts -€1,041
down €1,041 (-25.8%), from €4,033 to €2,991
- Reserves +€893
up €893 (+7.3%), from €12,193 to €13,086
- Depreciation +€10,355
up €10,355 (+799%), from €1,295 to €11,650
- Gross operating margin +€7,429
up €7,429 (+87.1%), from €8,526 to €15,955
- Taxes -€1,515
down €1,515 (-52.2%), from €2,903 to €1,388
- Financial charges +€1,394
up €1,394 (+4,223%), from €33 to €1,427
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,683 | €71,065 | +€49,382 | +228% |
| Fixed assets | 21/28 | €3,906 | €55,594 | +€51,688 | +1,323% |
| Tangible fixed assets | 22/27 | €3,906 | €55,594 | +€51,688 | +1,323% |
| Plant, machinery and equipment | 23 | €565 | €2,134 | +€1,569 | +278% |
| Furniture and vehicles | 24 | €3,342 | €53,460 | +€50,118 | +1,500% |
| Current assets | 29/58 | €17,776 | €15,471 | -€2,305 | -13.0% |
| Amounts receivable within one year | 40/41 | €4,068 | €5,325 | +€1,257 | +30.9% |
| Trade receivables | 40 | €4,068 | €5,320 | +€1,252 | +30.8% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €12,681 | €8,877 | -€3,804 | -30.0% |
| Deferred charges and accrued income | 490/1 | €1,027 | €1,268 | +€241 | +23.5% |
| Total equity and liabilities | 10/49 | €21,683 | €71,065 | +€49,382 | +228% |
| Equity | 10/15 | €15,193 | €16,086 | +€893 | +5.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,193 | €13,086 | +€893 | +7.3% |
| Distributable reserves | 133 | €12,193 | €13,086 | +€893 | +7.3% |
| Amounts payable | 17/49 | €6,490 | €54,979 | +€48,489 | +747% |
| Amounts payable after more than one year | 17 | - | €26,965 | +€26,965 | |
| Financial debts | 170/4 | - | €26,965 | +€26,965 | |
| Amounts payable within one year | 42/48 | €6,490 | €28,014 | +€21,524 | +332% |
| Current portion of amounts payable after more than one year | 42 | - | €7,568 | +€7,568 | |
| Trade debts | 44 | €2,202 | €2,288 | +€86 | +3.9% |
| Suppliers | 440/4 | €2,202 | €2,288 | +€86 | +3.9% |
| Taxes, remuneration and social security | 45 | €4,033 | €2,991 | -€1,041 | -25.8% |
| Taxes | 450/3 | €4,033 | €2,991 | -€1,041 | -25.8% |
| Other amounts payable | 47/48 | €255 | €15,166 | +€14,911 | +5,851% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,295 | €11,650 | +€10,355 | +799% |
| Other operating charges | 640/8 | €609 | €597 | -€12 | -2.0% |
| Gross operating margin | 9900 | €8,526 | €15,955 | +€7,429 | +87.1% |
| Operating profit (loss) | 9901 | €6,622 | €3,708 | -€2,914 | -44.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €33 | €1,427 | +€1,394 | +4,223% |
| Recurring financial charges | 65 | €33 | €1,427 | +€1,394 | +4,223% |
| Profit (loss) for the period before taxes | 9903 | €6,589 | €2,281 | -€4,308 | -65.4% |
| Income taxes | 67/77 | €2,903 | €1,388 | -€1,515 | -52.2% |
| Profit (loss) for the period | 9904 | €3,686 | €893 | -€2,793 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,686 | €893 | -€2,793 | -75.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.